Mar18

Help Build a Credit Union Chapter for the Tri-Cities Area! 

Join your peers as we explore the opportunity to create a Credit Union Chapter in the Tri-Cities area!
Mar25

Commercial Services Council; Session One

This session provides an opportunity to engage with a community of commercial lending, and business service leaders focused on treasury and cash management services, member business lending programs, and strategies for deepening relationships with small business and commercial clients.
Mar26

HR & Trainers Council; Session One

The Council’s open format serves to encourage and recharge staff dealing with similar challenges and developments within the Credit Union Movement. Human resources and training professionals gather to learn, teach, pass on tips, and provide resources, information, networking, and professional development opportunities to best prepare for what’s on the horizon.
Mar27

Marketers Council; Session One

The Council — open to marketing, communications, media relations, public relations, business development, and community outreach professionals — is interactive and belongs to the members. Beneficial presentations are offered, along with the opportunity for credit union professionals to share in roundtable discussions. Councils provide an outlet that furthers the success of credit unions.
Home » Advocacy On The Move »

Advocacy Win: Idaho Interchange Bill Dies in Committee

Posted by on February 21, 2025

Earlier this week, the Idaho Senate Commerce and Human Resource Committee heard Senate Bill 1055, which addressed interchange fees in Idaho. This legislation, introduced by Senate Assistant Majority Leader Mark Harris for the fourth consecutive year, proposed changes to the calculation of interchange fees on electronic payment transactions.

Fortunately, Senate Bill 1055 did not advance, as it died in committee due to a lack of motion from committee members. This outcome is a significant victory for Idaho credit unions.

The bill would have imposed substantial operational and compliance burdens on credit unions, potentially affecting their ability to provide secure and efficient payment services to their members. While it is technically possible for Senator Harris to revise and reintroduce the bill, we believe this is highly unlikely, and the issue is effectively dead for this year. However, given the strong push from retailers, we anticipate that similar legislation may resurface in future legislative sessions.

We will continue to monitor the situation and advocate for the interests of Idaho’s credit unions, ensuring that any future proposals support a secure and efficient financial ecosystem.

Posted in Advocacy on the Move, Idaho.